Dai Yan, General Manager of Oriental Wealth Securities: The main theme of value investment is shifting from "scale expansion" to "innovation and efficiency."

On November 18, at the Orient Fortune Securities 2026 Annual Strategy Meeting, Orient Fortune Securities General Manager Dai Yan said that next year is the beginning of the "14th Five-Year Plan". It is clear in the "14th Five-Year Plan" that driving industrial intelligence, greenization, and integration, accelerating the development of new quality productivity, seizing the future technological high ground, has become the core of the country's development strategy. In this profound structural change, traditional growth logic is being rewritten, new industrial ecology is accelerating incubation, and the main theme of value investment is shifting from "scale expansion" to "innovation and efficiency". For every market participant, this is not only an unprecedented historical opportunity, but also means the need to recalibrate their course and insight into opportunities.